Fintech PR
Marval Capital’s India-Focused Fund with 169% Total Net Return Over 5 Years, Outperforms Global Competitors
The Marval Guru Fund Delivers Outstanding 21.9% Net Compound Annual Return Over 5 Years
TORONTO, Nov. 7, 2024 /PRNewswire/ — Marval Capital Ltd.’s (“Marval”) Marval Guru Fund (the “Fund”) proudly announces the completion of five years of performance this year, now with approximately $400 million in assets under management (“AUM”). For the first time, the Fund is sharing its performance rankings against all institutional funds offered in Canada and internationally available India-focused funds.
Over the past five years, in Canadian dollars, the Fund has delivered a net compound annual return of 21.9%, resulting in a total net return of 169%. An initial investment of $100 on September 30, 2019, would have grown to $269 by September 30, 2024. A fund with a net compound annual return of 10.4% over 10 years would yield a lower total net return than what the Marval Guru Fund has produced in just five years. Results were achieved without the use of leverage or derivatives.*
PERFORMANCE RANKINGS
Based on 5 Years of Performance (September 30, 2019 – September 30, 2024)
|
Fund Database1 |
Number of Funds |
Marvel Guru Fund Rank |
|
Fundata Institutional Fund Database of Canada2 |
>3,000  |
6th |
|
Royal Bank of Canada Pooled Fund Survey |
>1,100 |
3rd |
|
India Funds Available Outside of India |
56 |
2nd |
|
1 Sources: Fundlibrary.com (accessed September 2024), RBC Q3 2024 Pooled Fund Survey, Asian Fund Database (various reports gathered up to September 2024). |
Fundata Institutional Fund Database of Canada: According to Fundata, which tracks all institutional funds in Canada, the Marval Guru Fund, based on its 5-year performance ranks sixth out of more than 3,000 funds, encompassing every major investment firm and investment strategy in the country. Marval believes the Fund is well-positioned to continue delivering strong performance over the next 20 years. Notably, over the last ten years, 93% of the funds in the Fundata database have not achieved a total return as high as the Fund’s five-year total return of 169%.
Royal Bank of Canada (“RBC”) Pooled Fund Survey: In RBC’s extensive survey of over 1,100 funds from more than 80 institutions, including most major investment firms in Canada, the Fund ranks third in five-year gross performance. This list is more selective with the top institutional-grade funds in Canada across all investment strategies. In the emerging markets category, the Fund’s compound annual five-year gross return is over 15% per year higher than the fund ranked second-place. Impressively, over ten years, 92% of the funds in this survey have not achieved a total gross return as high as the Fund’s five-year total gross return.
Asian Fund Database of India-Focused Funds: From various Asian fund databases, Marval assessed 56 institutional-grade India-focused funds available outside of India; across Asia, Europe, and the U.S., including those from reputable international and emerging market firms, as well as Indian wealth managers with global offerings. Among these, the Fund ranks second, with the top fund only 0.4% ahead in net compound annual return performance over five years. Over ten years, 75% of these funds have not produced a total net return as high as the Fund’s five-year total net return of 169%.
INVESTMENT APPROACH
The Fund’s five-year net compound annual returns of 21.9% means that invested capital doubled approximately every three and a half years. The Fund is currently the only India-focused fund in Canada with such a strong track record. In an investment world that often focuses on short-term gains and frequent trading, Marval has demonstrated the Fund’s long-term, buy-and-hold investment strategy remains highly effective.
LOOKING AHEAD
“After 23 years in the investment business, I feel fulfilled. Not because we’ve reached a destination, but because the path ahead has never looked clearer or brighter for our investors and for Marval,” said Ben Watsa, Founder and CEO of Marval Capital Ltd. and CIO of the Marval Guru Fund. “We hope that Marval will become known as the trusted place in North America to invest your capital safely and uniquely, benefiting from our insights and relationships cultivated over decades.”
ABOUT THE FUND
The Fund is an investment trust offered only by way of offering memorandum on a private placement basis to “accredited investors,” as defined in the applicable Canadian securities legislation. The Fund is not offered in the United States and U.S. Persons are not eligible to invest in the Fund.
ABOUT MARVAL CAPITAL LTD.
Marval Capital Ltd. is an investment firm that focuses on the Indian market. We take pride in uncovering hidden gems in the Indian stock market, particularly within under-researched and often misunderstood small to mid-cap sectors. Guided by the principles of value investing, we diligently identify companies and invest where we have conviction that a business has potential to compound over the long-term. As an independent investment firm, we are committed to our clients’ best interests, striving to achieve greater heights together.
*Net compound annual return figures referred to in this press release are presented net of fees and all dollar amounts referred to in this press release are expressed in Canadian dollars, unless otherwise indicated. Past performance does not guarantee future results; no representation is being made that the Fund or any of its investments will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided.
Marval Capital Ltd. is registered as an investment fund manager in Ontario, Quebec and Newfoundland and Labrador, as a portfolio manager in Ontario and as an exempt market dealer in Alberta, British Columbia, Manitoba, Ontario, Quebec and Saskatchewan.
This press release is not intended to constitute an offering of units of the Fund. Any offer or sale of securities of the Fund will be made according to the Fund’s Offering Memorandum (“OM”) to eligible “accredited investors” under applicable Canadian securities laws. The information contained herein is qualified in its entirety by reference to the OM of the Fund. The OM contains information about the investment objectives and terms and conditions of an investment in the Fund (including fees) and will also contain tax information and risk disclosures that are important to any investment decision regarding the Fund. Please read the OM before investing.
The Fund is not registered in the United States of America under the Investment Company Act of 1940. The Fund’s units have not been registered in the United States of America under the Securities Act of 1933. Fund units made available under this offer may not be directly or indirectly offered or sold in the United States of America or any of its territories or possessions or areas subject to its jurisdiction or to or for the benefit of residents thereof, unless pursuant to an exemption from registration requirements available under U.S. law, any applicable statute, rule or interpretation. The Fund is not offered in the United States and U.S. Persons are not eligible to invest in the Fund. Prospective investors shall be required to declare that they are not a U.S. Person and are not applying for units on behalf of any U.S. Person, as defined under the relevant United States securities laws.
This press release is for informational and educational purposes only. It is not a recommendation of any specific investment product, strategy, or decision, and is not intended to suggest taking or refraining from any course of action. It is not intended to address the needs, circumstances, and objectives of any specific investor. Prospective investors should consult with their own professional advisors regarding the financial, legal and tax consequences of any investment. The Fund is not intended as a complete investment program.
Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the OM before investing. The indicated rates of return are the historical net compound annual and total net returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
CONTACT INFORMATION: Marval Capital Ltd., Email: [email protected] or [email protected], Website: www.marvalcapital.com
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Fintech PR
Trustero Secures $10M+ Series A Funding Led by Bright Pixel Capital to Revolutionize AI-Driven Security and Compliance
Funding to Accelerate Development of AI-Powered Governance, Risk, and Compliance (GRC) Intelligence Layer
PALO ALTO, Calif., Nov. 21, 2024 /PRNewswire/ — Trustero, a Silicon Valley innovator in AI-powered Security and Compliance, announced today the close of a $10.35 million Series A funding round led by Bright Pixel Capital (formerly Sonae IM), with participation from existing investors Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US. Trustero is proving that AI can drive real revenue and operational breakthroughs in GRC, a space traditionally dominated by complex, high-cost, and manual processes.
“With Trustero, organizations no longer need to be weighed down by compliance. We offer human-quality, actionable GRC intelligence in seconds, without the high fees,” said Phillip Liu, CEO of Trustero. “The Trust Graph is our secret weapon, allowing us to ingest diverse data sources from GRC platforms, cloud providers, and more, delivering insights instantly.”
Trustero’s founder and CEO, Phillip Liu, is a visionary tech entrepreneur with a proven track record. Formerly, he founded SignalFx, a leader in cloud monitoring solutions, which was acquired by Splunk for over $1 billion. His early experience at Facebook and Opsware further distinguished him as a trusted name in Silicon Valley. Now, he turns his focus to Compliance and Security, seeing a new opportunity to revolutionize the field with AI, bringing agile, cost-effective solutions to an industry struggling with resource-intensive and manual workflows.
Since its founding in 2020, Trustero has grown significantly by helping organizations reduce compliance costs and the time commitments of their senior executives. Companies with complex compliance demands like Chassi, an AI-analytics platform, have experienced the most substantial time and cost savings. They added Trustero AI to their ISO 27001 compliance program in 2024. “For the rest of the company, the time savings was about 10-to-1. For me, it was closer to 100-to-1!” said Chassi CFO, Justin Dooley. “We also saved 75% on our internal audit costs because all the data was ready for the auditors.”
The new capital will be instrumental in driving Trustero’s development of more powerful and accurate AI for security and compliance, scaling operations, expanding market reach, and adding top-tier talent from AI engineering and GRC. Trustero has already made one executive hire since raising their Series A, bringing in George Totev as Chief Information Security Officer. He’s tasked with enhancing the company’s security capabilities and driving innovation in AI-driven GRC solutions.
George comes from Snowflake, where he led the Customer Trust team, managing 30+ certifications and customer security compliance. Previously, he built Atlassian’s Risk & Compliance function and held key roles at Visa, Goldman Sachs, Symantec, and The World Bank.
Trustero’s technology is backed by its patented Trust Graph, which delivers unprecedented speed, accuracy, and cost savings in GRC intelligence. The Trust Graph is the core engine that enables Trustero to answer complex security questions in seconds, perform gap analyses across frameworks like FedRAMP and ISO 27001, and provide powerful audits, evidence mapping, and remediation guidance. This innovation differentiates Trustero from traditional GRC programs that rely on high-cost external consultants or limited manual processes.
“Companies are overwhelmed by the growing compliance demands driven either by evolving regulations or increasing customer compliance requirements. With Trustero, compliance and security teams go beyond simple compliance automation, by having a human-like AI-advisor that interprets not only the controls but also the evidence, in a manner comparable to how a human would,” explains Daniela Coutinho, Manager at Bright Pixel Capital.
Fernando Martins, Director at Bright Pixel Capital, added, “We are excited to support such a strong team, led by an experienced and technical leader, as they enter their next growth phase.”
About Bright Pixel Capital
Bright Pixel Capital, formerly known as Sonae IM, is the technology investment arm of the multinational group Sonae. With special focus on cybersecurity, infrastructure software, retail technologies, business applications and emerging tech, it has a portfolio of more than 60 companies, from early to growth stages. Bright Pixel Capital Capital Capital acts as a partner that brings specialized know-how, global footprint, and a wealth of experience in helping companies from early stage to IPO. Find out more at brpx.com.
About Trustero
Trustero’s AI automates governance, risk, and compliance functions such as compliance audits, security questionnaires, tailored remediation guidance, and third-party risk evaluations. Founded in 2020 by Phillip Liu, Trustero is the first to bring generative AI into the GRC space, enabling organizations to achieve and maintain compliance with unmatched speed, efficiency, and accuracy. For more information, visit Trustero.
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HONG KONG , Nov. 21, 2024 /PRNewswire/ — COCA Wallet, a leading non-custodial crypto wallet with debit card, is thrilled to announce its official launch on Telegram.
By integrating directly into Telegram, one of the world’s largest messaging platforms with over 800 million active users, COCA Wallet is transforming how people manage their digital assets. As Telegram solidifies its position in the crypto space with blockchain-friendly features, COCA’s launch as a mini-app brings unparalleled convenience. Users can now access and manage their cryptocurrencies effortlessly without the need for additional apps or complex setups. This milestone simplifies cryptocurrency management for everyone—from newcomers to seasoned users.
Key Features of COCA Wallet on Telegram:
- Complete Wallet Management – Send, receive, and track portfolio with ease.
- Cross-Chain Swaps – Trade tokens across 13+ blockchains with zero fees (network fees apply).
- COCA Mastercard Integration – Spend crypto online or in stores seamlessly.
- Non-Custodial and Secure – Full control of assets with advanced encryption and MPC technology.
“Telegram has become a cornerstone for crypto adoption by offering intuitive and accessible solutions. With COCA Wallet’s integration, we’re empowering users to explore the world of digital currencies, whether they’re experienced users or just starting out,” said Vasili Paula, CEO at COCA Wallet.
With Telegram’s ongoing innovations and COCA’s cutting-edge features, managing digital assets has never been easier, safer, or more accessible.
Getting started with COCA Wallet on Telegram is simple. Users can visit the step-by-step guide on the COCA blog, or dive right in and try COCA on Telegram here.
About COCA
COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With advanced features and seamless integration, COCA is shaping the future of digital asset management. Learn more at coca.xyz.
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Integrating Alternative and Bank Capital on One Powerful Servicing Platform
NEW YORK, Nov. 21, 2024 /PRNewswire/ — GSCF, a leading global provider of working capital solutions, today announced the launch of its enhanced cloud-enabled liquidity management platform and the creation of the Connected Capital ecosystem. Developed on a fully modernized technology stack, this innovative platform is designed to support a financing ecosystem that seamlessly connects alternative capital and bank financing.
GSCF’s highly configurable technology platform is unique as a one-stop solution for optimizing financial operations and accelerating growth, empowering companies and their funding partners to manage the end-to-end working capital cycle. The integration of funding sources can benefit a wide range of companies seeking to complement their core bank funding with access to alternative capital, including large investment grade enterprises and extending to mid-sized companies operating in riskier jurisdictions and industry verticals.
GSCF activated its Connected Capital ecosystem through a multi-year development program aimed at modernizing and consolidating its servicing and funding platforms. The Company has now completed the migration of its currently supported working capital programs, representing approximately $60 billion in annual funding volume, onto the new Connected Capital platform which provides:
- Full-Scope Risk Coverage: One platform that offers broad-spectrum risk coverage by combining the flexibility of alternative capital solutions with the efficiency of bank funding
- Tailored Solutions to Unlock New Growth: Co-creation of custom working capital programs to meet the unique needs of a business
- Actionable Insights: A powerful data warehouse supporting advanced analytics tools that dynamically enhance working capital decision-making and provide real-time insights into performance
- Expert Managed Services: Experienced professionals capable of addressing complex program requirements and delivering efficiency through automated workflows and streamlined operations
“By leveraging our cloud-enabled platform and deep industry expertise, we are empowering organizations to unlock the full potential of their working capital strategies,” said Doug Morgan, GSCF’s Chief Executive Officer. “Our advanced platform provides a seamless and efficient way to tailor funding to meet specific needs, enabling our clients to focus on their core business and access the capital needed to fuel expansion.”
With this significant technology investment and by combining the power of funding and servicing, GSCF has further extended the scope of the Working Capital as a Service (WCaaS) solutions it delivers to corporate customers and their funding partners to address real-time liquidity in a manner that supports sustainable growth. It also positions GSCF to meet the needs of currently underserved sectors, including mid-size companies that currently lack access to capital sources which fit their specific risk profile.
About GSCF
GSCF is the leading global provider of working capital solutions. The company empowers companies and their financial institution partners to accelerate growth, unlock liquidity and manage the risk and complexity of the end-to-end working capital cycle. GSCF’s innovative Working Capital-as-a-Service offering combines the power of an end-to-end Connected Capital technology platform with expert managed services and alternative capital solutions. GSCF’s team of working capital experts operates in over 75 countries, offering a truly global and holistic perspective to solve working capital efficiency challenges. Visit www.gscf.com to learn more.
Contact Information:
GSCF
Natalie Silverman
Chief Marketing Officer
[email protected]
(609) 577-5083
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View original content:https://www.prnewswire.co.uk/news-releases/gscf-launches-connected-capital-with-next-gen-working-capital-management-solution-302313195.html
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